Shipyards
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STX yard avoids liquidation
A South Korean court approved a filing by STX Offshore & Shipbuilding yesterday to be put under a court-led restructuring…
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East Sunrise and CSIC trade blows in jackup rig spat
Qingdao Maritime Court has ordered a freeze on two jackup rigs under construction at CSIC-affiliated Qingdao Haixi Heavy-duty Machinery, at…
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No more supercycles: Hyundai Heavy Industries
The glory days of the supercycle that saw ship orders spiral from 2004 to 2008 will never return, the world’s…
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North Atlantic Drilling and Sembcorp Marine extend semi-sub standstill agreement
Seadrill’s North Atlantic Drilling has extended a standstill agreement with Singapore’s Sembcorp Marine for semi-submersible drilling rig , delaying delivery…
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Accident at AVIC Dingheng Shipbuilding, two dead
Two workers died in a ship cabin at AVIC Dingheng Shipbuilding in an accident on Sunday. According to local media,…
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SK Shipping takes two Hyundai LNG carriers for $400m
Hyundai Heavy Industries (HHI) has confirmed it has won its first LNG orders of the year. In a much telegraphed…
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Japan takes aim at Seoul’s shipyard rescue package
Seoul’s decision to come to the aid of its shipyards has been criticized by the Japanese government – the starting…
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Dalian Shipbuilding Industry to merge with Shanhaiguan Shipbuilding
China Shipbuilding Industry Corporation (CSIC) has announced that the board has approved a plan to merge two subsidiary yards, Dalian…
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Unithai expands in Ranong
Unithai Shipyard and Engineering, Thailand’s topr shipyard, has expanded its operations to a deepsea port in Thailand’s western Ranong province.…
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Creditors approve restructuring plans of South Korea’s largest yards
South Korea’s largest two shipyards – Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) – have had their restructuring…
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Otto Marine takeover in the works
Singapore’s Otto Marine, an offshore yard and vessel operator, has revealed an unidentified firm is looking at buying the company.…
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CIMC Enric terminates Sinopacific Offshore acquisition
CIMC Enric, an affiliate company of China International Marine Containers (CIMC), has announced that it has terminated the acquisitions of…
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Tropical Shipping orders four feeder boxships at Huangpu Wenchong
CSSC-affiliated Guangzhou Huangpu Wenchong Shipbuilding has signed shipbuilding contracts with US-based Tropical Shipping for the construction of two 1,100teu containerships…
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Sainty Marine settles with Celsius Shipping over cancellation
Sainty Marine has announced that it has reached settlements with a shipowner, which is believed to be Celsius Shipping, to…
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Debts at Korea’s top yards soar past KRW100trn
The combined debt held by South Korea’s top nine shipbuilders topped KRW100trn won ($84.7bn) last year according to the data…
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ABG Shipyard CEO resigns
India’s ABG Shipyard has announced that the board have accepted the resignation of its managing director and ceo Syed Abdi.…
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Shipbuilders’ Kodak moment
Shipbuilders are about as good at predicting the future as senior management at film makers Kodak were at the time…
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Court to decide STX yard’s fate
STX Offshore & Shipbuilding officially filed an application in Seoul for court receivership late on Friday. The court will now…
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Heung-A in for chemical pair at Dae Sun
Dae Sun Shipbuilding & Engineering has won an order to build two 6,500 dwt chemical tankers from Heung-A Shipping. The…
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Shanghai Shipyard eyes joint venture with Mitsui
Shanghai Shipyard, an affiliate yard of China State Shipbuilding Corporation (CSSC), is looking to form a joint venture with Japan’s…
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